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Salem 01970 South Salem
10 Rawlins St
$560,000
● House - Off Market

10 Rawlins St

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,420 Ft²
$3,086
Est. Monthly

About This Property

HUGE Price Reduction. First time Buyer got cold feet. Here's your chance.. Check the comps - best deal in town! Sunny and spacious 3-level home featuring 3 bedrooms, 2 bathrooms, 2-car parking, and a great back yard. The updated kitchen has stainless steel appliances and granite countertops. Large living room, formal dining room, and half bath round out the first level. Above there are 3 bedrooms and an office. The recently updated large bathroom has a refinished clawfoot tub that will be perfect for a long soak. This home has gorgeous oak hardwood floors, a recently replaced roof and siding, updated windows, efficient gas heating and a bonus of free solar panels installed on the roof for possible huge savings on electric.
Unit Size
1,420 Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$387
Property Type
House
Property Taxes
$390
HOA Dues
-
Year Built
1880

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 5 months ago (MLSPIN #73277794)

Price History

Date / Event Date Event Price
Nov 20, 2024 Sold
Premium
Sold
Oct 19, 2024 In contract -
In contract
Sep 27, 2024 Relisted $549,000
Relisted
Sep 24, 2024 In contract -
In contract
Sep 20, 2024 Price Decreased $549,000
↓ $50K (8.4%)
Price Decreased
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1880
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 674
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,755
  • Total Building Area: 1,234
  • Gross Building Area: 2,536
  • Building Area: 1,234
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 7
  • Heated Square Feet: 1,234
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000040
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Salem School District
  • School Tax School District: SALEM SD
  • Census Tract: 204702

Zoning

  • Zoning: B

Geography

  • Parcel: SALE M:16 L:0081
  • Lot: 81
  • Municipality: SALEM
  • Latitude: 42.5214
  • Longitude: -70.9158

    Address

  • Full Address: 10 Rawlins St
  • Address - House Number: 10
  • Address - Street Name: Rawlins
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C038
  • 4-Digit Zip Code: 1319
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $468,300
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2771
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 60
  • Final Value: 457,723
  • High Value: 584,580
  • Low Value: 330,867

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $403,000
  • Assessed Land Value: $148,900
  • Assessed Improvements Value: $254,100

    Sales

  • Current Sale Contract Date: Apr 19, 2023
  • Current Sale Recording Date: Apr 19, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 34
  • Current Sale Input Document Number: 20230419002690
  • Previous Sale Recording Date: Jan 19, 2023
  • Previous Sale Contract Date: Jan 09, 2023
  • Previous Sale Amount: $256,000
  • Previous Sale Document Type: 34
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About South Salem

Stats & Trends

Median Asking:

$619,000

Sale Price/ft²

$369

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2171 ft²

Average Home Age

86.6 years

Currently For Sale

35 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 160 Federal St, Salem, MA, 01970

$1,725 /mo

  • 1 Bed
  • 1 Bath
160 Federal St, Salem, MA, 01970 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73277794

Frequently Asked Questions

When was property at 10 Rawlins Street built and last sold?
The property at 10 Rawlins Street was built in 1880 and last sold on Apr 19, 2023 for $256,000.
How much is this home worth?
The estimated value of the home located at 10 Rawlins Street is $550,957.
What are some comparable homes to 10 Rawlins Street?
There are currently no comparable homes to 10 Rawlins Street.
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